Intraday Elliott Wave and Flag Lesson in SPY June 16
What a day! Let’s learn a few critical lessons from today’s trading activity, particularly in regards to how Momentum fits into Elliott Wave, how bear flags are confirmed with dojis, and more!
Watch this Price Level in Copper – Monthly Structure
Copper prices are coming into an interesting confluence on the Monthly Chart. Let’s draw a large-scale Fibonacci Grid and also note the EMA structure on Copper’s Monthly Chart.
Gold Quickly Closing in on $1,000 Again
As many of us have been suspecting, gold is on a steady pathway up to retest and likely exceed the $1,000 per ounce level which has served as substantial resistance in the past.
Let’s take a quick look at gold’s Daily chart structure to see this happening as it unfolds.
Elliott Wave Analysis on the Shanghai Market Monthly & Weekly
A couple of readers have asked me to provide a possible Elliott Wave count on international market indexes, namely the Shanghai Composite ($SSEC) and here is my current count on the larger monthly and weekly timeframes.
Robert Prechter’s 40 page eBook on Gold and Silver Available
Elliott Wave International president Robert Prechter recently released a free 40-page ‘eBook’ on the Gold and Silver Markets which is now available for download.
Weekly Comparison Structure of the Dollar and Gold May 27
Per reader request, let’s take a quick look at the US Dollar Index and the Gold Market on a 3-year weekly chart basis, noting key Fibonacci levels and possible long-term targets.
Perfect Intraday Elliott Wave Example and Lesson
The deeper I get into the Elliott Wave method, the more I am impressed with how frequent its patters show up across all timeframes almost identical to the teachings of Ralph Elliott 70 years ago. Let’s take a look at a perfect Elliott Wave pattern – complete with ideal fractal waves – on the intraday SPY for May 20 and 21.
Intraday TICK Divergences and Structure May 13
There were some interesting lessons to learn via the intraday action on May 13, 2009. Let’s see some of them – particularly three TICK divergences and a fractal Elliott Wave pattern on the trend day.
Possible Fractal Elliott Wave Count of Gold May 12
Here is a possible Elliott Wave count interpretation and simple structure forecast for Gold prices going forward
Large Scale Elliott and Fibonacci Insights on GE
Conglomerate General Electric (GE) has shown fascinating confluence via Elliott Wave and Fibonacci (as well as “Measured Move”) analysis. Let’s see what I mean and start the count from 2000 to present on the monthly chart. First, let’s see the simple AB=CD “Measured Move” (aka large bear flag) that has just hit its target: I’m…